Fortis Advisors LLC cut its holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Free Report) by 68.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,076 shares of the company’s stock after selling 2,290 shares during the quarter. Fortis Advisors LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $260,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Assetmark Inc. raised its stake in SPDR S&P Aerospace & Defense ETF by 71.9% in the third quarter. Assetmark Inc. now owns 110 shares of the company’s stock valued at $26,000 after buying an additional 46 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV raised its stake in SPDR S&P Aerospace & Defense ETF by 2.2% in the fourth quarter. Acorn Financial Advisory Services Inc. ADV now owns 2,169 shares of the company’s stock valued at $523,000 after buying an additional 47 shares during the last quarter. Crescent Sterling Ltd. raised its stake in SPDR S&P Aerospace & Defense ETF by 3.9% in the fourth quarter. Crescent Sterling Ltd. now owns 1,289 shares of the company’s stock valued at $311,000 after buying an additional 48 shares during the last quarter. Meridian Wealth Management LLC raised its stake in SPDR S&P Aerospace & Defense ETF by 1.5% in the fourth quarter. Meridian Wealth Management LLC now owns 3,319 shares of the company’s stock valued at $801,000 after buying an additional 49 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of SPDR S&P Aerospace & Defense ETF by 0.4% in the third quarter. Oppenheimer & Co. Inc. now owns 12,263 shares of the company’s stock valued at $2,881,000 after purchasing an additional 51 shares during the period.
SPDR S&P Aerospace & Defense ETF Stock Performance
Shares of XAR stock opened at $288.00 on Friday. The stock’s 50-day simple moving average is $265.54 and its 200-day simple moving average is $261.14. The firm has a market capitalization of $6.59 billion, a PE ratio of 35.83 and a beta of 0.98. SPDR S&P Aerospace & Defense ETF has a fifty-two week low of $188.52 and a fifty-two week high of $295.39.
About SPDR S&P Aerospace & Defense ETF
The SPDR S&P Aerospace & Defense ETF (XAR) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks an equal-weighted index of US aerospace & defense companies. XAR was launched on Sep 28, 2011 and is managed by State Street.
Read More
- Five stocks we like better than SPDR S&P Aerospace & Defense ETF
- Costco’s Strong Quarter Still Leaves Investors With a Valuation Problem
- These 3 Software Stocks Are Buying Back Shares Hand Over Fist
- Gap Inc. Cuts Sales Outlook After Q1 Miss, Shares Drop 17%
- MongoDB’s AI Advantage Is Starting to Show Up in Results
Want to see what other hedge funds are holding XAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Free Report).
Receive News & Ratings for SPDR S&P Aerospace & Defense ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Aerospace & Defense ETF and related companies with MarketBeat.com's FREE daily email newsletter.
